Co-Signing Usually Hurts Seniors

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You know what gets me mad?  What makes me want to run up to the top of “C” Hill and scream at the top of my lungs?  It’s when somebody does something (either ignorantly or on purpose) to Senior Citizens that ends up jeopardizing their retirement assets. Did you know that student loans can not be released in Bankruptcy?  Did …

Save Tax By Giving Charities Appreciated Assets

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One of the special tax benefits you could consider is to give appreciated assets (stocks, real estate) to charity instead of writing them a check. Suppose you want to give your church or charity a special gift of $10,000. If you have a stock that you bought for $4,000 and it is worth $10,000 now, you might sell the stock …

Avoid these payroll errors

ian Kelly's Articles

There are few mistakes a boss can make that will get a more emotional response from an employee than messing up their paycheck. Right behind the upset employee stands the government, equally upset if they don’t get their fair share. None of the above aggrieved parties care about how the business owner probably didn’t get paid or only took a …

Didn’t pay IRS on time? You could get money back

ian John's Articles

The IRS is reviewed regularly by the Treasury inspector general for tax administration, also known as TIGTA. It was recently noticed that many taxpayers were charged penalties for failure to file on time and failure to pay on time — but those penalties should have been abated or canceled. The taxpayer needed to be compliant, have a history of filing …

The Great Drought Of 2013

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We should be so thankful that the federal government is so fast at responding to our every need! It is so good that I recently learned from it some news that somehow had mostly escaped our normal media outlets. Did you know that there was a major federal disaster-level drought in the Storey County area from May 20 to July …

Healthcare Reform… The Rest Of The Story

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In my last column, I had fun picking on the stupidity of our state legislature’s feeble attempt to make sufferers of the common cold suffer even more. This month, it’s time to pick on the federal legislature, aka US Congress, and their now one year old disaster aka “Obamacare.” What are some of the hidden costs to businesses (and their …

Watch out for bad tax preparers

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What does it take to prepare a tax return? It’s simple, right? Just follow the instructions the IRS publishes for each form. You don’t want to take the time to read all those instructions, so you think you will hire somebody else to do that. Unfortunately, for too many “less expensive” preparers, reality is that they are hiring non-trained, non-certified, …

Manage your CDs

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In these days of historic low interest rates, it’s hard to earn much on certificates of deposit. It is probably best to not lock all your cash investments in longer-term CDs at very low rates. One approach to consider is to do a “ladder” of CDs. That will spread the maturities out. That can result in more interest earned as …